An Introduction To Condos

When buying a home, people consider a number of things first before they jump on a homw. Some of these considerations include the cost, the location, and the condition of the property, which are all important to a buyer. Buyers need to ensure the property they are getting would give them the comfort and the convenience they need. There are quite a number of real estate options that buyers can choose from, which can cater to every requirement or preference. One example of these is the condominium, which has distinct features that have made them the preferred option of some buyers.

Apart from the distinct features that have made condos a popular option among certain types of buyers, including single people, there are also certain advantages that owning a condo brings that have also added to their popularity. One of these is that compared to stand alone homes, condos are more affordable due to less square footage outside, which makes them a good real estate option for first time buyers. In addition to this, people are also realizing that owning a condominium is a better and more practical option for parents whose children have all moved out of the house. Moreover, downsizing to a condo can also allow parents to use the extra money from the sale of their house for other investments.

Another advantage in owning a condo is that they are considered to be the ideal option for people who travel a lot because of the security that attached homes can provide. As such, condos have become very popular among pilots and salesmen. Lastly, owning a condo also eliminates the need for homeowners to worry about the maintenance of their property. This is because upkeep it is the responsibility of the homeowner’s association to keep condominiums in good shape.

One of the most important considerations that people look into when they buy a home is on whether a piece of property fits their requirements, which can ensure that they buy the property that can give them the comfort and convenience that they need. Fortunately, there are a number of real estate options that can fit almost every requirement and preference of buyers. An example of which is the condominium, which provide a number of advantages that have made them one of the more popular real estate options.

Why You Should Sell Your Condo Today

Are you thinking about selling your condo? Now might be the right market-but does that mean it’s the right time for you to sell?

If you bought a condo in Toronto between four and five years ago, you may be thinking it’s a good time to sell. Toronto condo prices, according to the Condos.ca PSF Index, are on the rise: since February of 2017, the average 800-square-foot condo has appreciated by approximately $78,000, and condos that were purchased in 2012 have increased in value by close to $130,000. But does this increasing market mean condo owners should wait until prices climb even higher or sell now?

To Sell or Not to Sell…

As the PSF Index indicates, it’s a good time to sell. The increase in value of your condo means that, if you sell now, you can invest those higher profits into purchasing a new property, allowing you to continue to grow your equity. If that’s your plan, then selling now is smart because it will allow you to enjoy the climbing value of your new property as well. A lot of condo owners are hesitating to sell right now because those values do continue to rise-they could earn a higher resale value by waiting another year to sell-however, it’s important to remember that the rest of the condo market is appreciating in value, too. A year from now, you’ll be facing higher asking prices than you’d be facing today, and that may make your investment less profitable in the long run.

Then, of course, there are those looming price corrections. If the real estate market is experiencing tremendous growth now, is that simply leading to a drop? Price drops are difficult to predict; however, it is also important to remember that high growth leading up to a decrease softens the impact of the decrease (if you earn 15 per cent in market increases leading up to a 10 per cent decrease, you’re still up 5%), which means that, based on Toronto’s high rate of condo market growth (particularly in Toronto’s core), it isn’t very likely for prices to fall below what you initially pay.

The Pros and Cons of Choosing a New Condo

We’ve established that now is a good time to buy, but that doesn’t help you figure out what you should buy. New condo or resale condominium-which is the better investment for you? Here are a few pros and cons of each option.

Pros of Buying a New Condominium:

· Lower purchase price (depending upon market conditions).

· Better choice of locations within the building (if applicable).

· Broader range of options and/or upgrades.

· Less risk of having to undergo costly and intrusive repairs and renovations.

· New home warranty protection.

Cons of Buying a New Condominium:

· You may have to rely on artist sketches and floor plans to get an idea of the finished product before you buy. If this is the case, make sure the unit’s boundaries, location, finishes, materials, chattels, etc. are clearly specified in the purchase agreement.

· You pay your deposit before you move in, which means it may be tied up throughout the duration of construction.

· It may be harder to get a mortgage from a financial institution for an unregistered condominium.

· Construction delays could mean your unit doesn’t get finished on time, leaving you scrambling for short-term lodging.

· If your unit is finished first, you may move in while construction continues in other units, exposing you to noise and disruption.

Buy Before You Sell and Grow Your Investments

It’s important to remember that, just because it’s a good time to sell a condo right now, it doesn’t mean you have to or necessarily should sell. It’s a good opportunity if it’s something you’ve been thinking of doing already, but you also shouldn’t feel like you need to rush to sell your condo in Toronto. In fact, if you are thinking of selling, today’s market provides you with a good opportunity to grow your equity and investments by buying a new property before you sell your old one.

Why is it a good idea to buy before you sell right now? Because today’s market is a strong seller’s market: the low inventory and high demand combine to make selling times quick. For instance, for a condo valued at between $500,000 and $1 million, the average number of days it’ll sit on the market before it sells is 29-and most don’t last that long. All you need to do is use your current property equity to open a line of credit and secure the down payment and purchasing costs into a new mortgage. Once you secure your new purchase, you can easily sell your old condo.

If you buy before you sell, you can take advantage of the increasing condo values by buying your new condo at a lower price and selling your old condo at a higher price. The difference could make an impact on your ability to grow your equity.

What does it mean to grow your equity? It means investing in a higher-value property, so your investment can continue to grow. If you are currently in a one-bedroom condo, look for a larger unit or a two-bedroom for your next investment. You don’t want to move laterally through the condo market, even if the increase in condo value makes it look like a good investment, since the land transfer tax, REALTOR® fees, and legal fees may cut into those profits. Climb the condo market by investing in something with more value to make your investment work harder and more effectively for you.

Alternatively, you could grow your investment by keeping your old unit and renting it out: the current average rental price in most neighbourhoods in Toronto can actually cover the monthly costs of ownership, including your mortgage payment, maintenance fees, and property tax, often with a small margin of profit (which you want to keep to a minimum to minimize taxable income anyways).

Conclusion

In short, it’s a good time to own a condo right now, especially if you are looking to invest in financial growth, whether you are hoping to grow your equity by selling or by renting your current unit.

Why Do You Have To Pay More For A Downtown Condo?

Location Matters

There is no question condos for sale downtown are in the prime location where everyone wants to be. Anyone involved with real estate will tell you location means everything. It can give the buyer the mindset of a prestigious condo. They are going to be proud to call this area home.

From a seller’s point of view, there is a perceived value that condos for sale downtown are going to bring in more money. They are confident they can get a buyer paying a very good price for it. You can’t blame them for trying to get the most money they can for the property they are going to sell.

Convenience

Being very close to parks, public transportation, places to eat, and fun activities offers condos for sale downtown a way to be very convenient. If you like to be able to access everything around you in very little time, this could work well for you. Think about how you will get to work, where you like to hang out, and other factors.

The ability to have so much right there for you in no time at all may be well worth the extra price to you. Of course, you have to think about the constant amount of people and the noise all around you. Are you willing to trade off some peace and quiet for that convenience?

Newer Condos

Being able to invest in one of the newer condos makes sense. It is wise to buy a place that hasn’t been lived in long by others. This often means it is in better condition, has newer technology, and it is less likely anything is going to need fixed or replaced soon. Some of the condos for sale downtown are recently built and some of them are sold before they are even finished.

You can actually buy one before they have gotten the materials on site to complete the construction. With such a purchase, you often get to select the colours for the interior and other design elements. It can be fun to live in a place no one else has before. It is also exciting to get to pick certain features you know you will love to have in it.

Perks and Space

There may be certain elements you want with your condo so make sure you use filters when you search. It doesn’t make sense to settle for less than you really want and then regret it daily when you see the place. Make sure you it has enough space too so you don’t feel cramped. Think about your needs now as well as what you may need for space a few years down the road.

Investment Return

There is no reason to think you can’t resell one of the condos for sale downtown either in the future. In fact, it is this forecast return on the investment than make prompt you to buy one right now. This area continues to be one where people are interested in living. There is no reason to think that is going to change in the future either.

Being able to enjoy the condo now is very important and so is being able to afford it. However, knowing when you are ready to move to a new place you won’t have trouble selling this one due to where it is at should be very encouraging.

Miammi Beach Condos

In an era of convenience, opulence, and excesses, the word “condo” stands for a lifestyle and a point of view that demands the best. Condos are dwelling units in a condominium, and are the symbols of this new luxury culture. Amenities like magnificently decorated party rooms, a library, guest rooms, gym, pool and spa make for luxury in a condo.

Condos can be owned either by individuals or associations. When associations own condos, what the individual buyers get is the right to use the condo for a few months. Busy residents do not have to worry about the day-to-day upkeep that a single-family home requires. Instead, they prefer to pay a monthly fee and defer maintenance decisions to their condo associations.

Beginning in 2005, about 48,000 condominiums were proposed, planned or under construction in Miami-Dade alone. This is apart from the thousands of existing units. Today, Americans as well as foreigners are buying condominiums as a second home. Although the Latin Americans are well known for their taste in Miami condominiums, recent years have seen more and more Europeans buying these, which market analysts feel could be because of the falling dollar.

Big investors have now moved to invest in condos in Miami, and places like Metropolitan Miami and Midtown Miami have emerged as hot spots for investors. The mad rush for condos is evident in the way investors have now started eyeing existing apartments to be turned into condos. This increased popularity of condos in Miami has also seen skyrocketing prices. From a price of $150 to $200 per square foot for a luxury unit about seven years ago, buyers are today paying a price of $350 to $800 per square foot.

An increased demand for condos has witnessed the conversion of apartments to condos. Owners of apartments today are hiring condominium converters for the service. This rush for condos is not without reason. Amenities apart, the most important thing that has driven this condo popularity amongst investors and buyers is location and architecture. Whatever is the reason for the popularity of condos, the fact stands that condos have unleashed a new luxury culture that luxury-hungry humans can hardly resist.

Condos and Townhouses – What’s the Difference?

There is a lot of confusion about the differences between condominiums and townhouses. They share many similarities, and this seems to be the source of this confusion. Even amongst real estate professionals we often hear more opinions than facts.

So, let’s start by clarifying, condominiums or condos are a type of real estate ownership. A townhouse is an actual style of building.

A condominium is best described as “the concept of ownership of a single unit of air space within a multi-unit dwelling, along with co- ownership of any common amenities (recreation centers, pools, etc… ) and common areas of the structures and land among all unit owners.”

Townhouses are generally attached structures of 2 or more stories with common walls. These are a version of the old “Brownstones or “Row Houses” made popular on the east coast.

Similarities:

Townhouse ownership means you own the structure along with any associated land. So the owner of a townhouse can have absolute ownership, like a single family home.

Here’s where things get a little confusing. It is not unusual to have “condominium ownership” of a townhouse. In other words, the structure is a “townhouse” while the ownership is “condominium”.

Differences:

Ownership and common areas are the primary differences between condos and townhouses. You can actually have absolute ownership of a townhouse as well as the land (yard) associated with it. In a Condominium you only own the “air-space” inside of your particular unit.

The owners of a condominium development each own an equal share of the “General Common Elements”. This includes the structural elements of the building roof, walls, halls, clubhouse, pool, etc…

In a townhouse community, any common elements are deeded to the Home Owners Association (HOA). The townhouse owners are a part of the HOA but don’t own an interest in these elements.

“Limited Common Elements” are where we see a departure between townhomes and condos. Limited Common Elements are only seen in condo ownership. These are things that are intended for the use on the individual unit owners. Parking spaces, garages, balconies and patios are examples of Limited Common Elements. Although these are owned by all of the unit owners, they are limited to the use of specific owner/s.

In a townhouse the balcony and garage are actually owned by the townhouse owner. The exception to this would be if a “townhouse” style home is owned as a “condominium”.

Summary:

Both condos and townhouses are what is known as “Common Interest Communities”. A “Common Interest Community” is one where common real estate is maintained through assessments and dues.

Because of the Common Interest Community designation, we see a lot of confusion. The easiest way to remember the differences is this, a condominium is a form of real estate ownership and a townhouse is an architectural style.

5 Factors to Consider When Choosing A Condo Unit

Due to the rapid urbanization, a lot of countries and states have developed and maximized the use of their lands to accommodate not only the need for infrastructure development to support its economy but also to supply its’ population with decent and quality housing. Since there are small countries which cannot afford to give their people with their own individual lands to build their houses, high-rise developments such as condominiums, hotels, apartments and real estate became the answer. There can be several factors to take into consideration when choosing a condominium.

Location

Choosing a condo is akin to starting a business. Location is very important whether you are single or you have a family. The place should be, as much as possible, strategically located. The proximity of the place from where you work should be given consideration. Remember that one of the reasons why you are buying your own place. And that is all because you want convenience. Should it be accessible through major roads and thoroughfares? Is it near schools, hospitals and other major business establishments? Its nearness to major public amenities does not only satisfy your physical needs but also determines the true value of the assets you are acquiring. When you are buying a condominium you are not just buying a place to live in, you are buying an investment!

Type of Unit

You are buying a real estate property that should conform to your personal need, capacity and character. There are several real estate companies that offer a variety of units in a single development. You can get a unit in a condominium that has 1, 2, 3 or even 4 rooms depending on your need. If you thrive in class and luxury, you can get a penthouse which is located in the highest part of the condo building. The important thing is that you get a unit that will make you feel happy and satisfied.

Amenities

City living is all about convenience. You want to buy a place that will give you not only what you want but will also make your life easier. We are not talking here of standard facilities like elevators, laundry rooms and the likes. We mean the extras like recreational and sporting facilities. Sometimes when you get home after a hard day’s work and you feel like doing something else outside your unit, it would be nice if you can do it without leaving the building. If you are a fitness buff, then a condominium with a gym will be a suitable choice. If you are tired and you don’t want to cook, then a place that has restaurants or cafes would be perfect. Condo buildings that offer little extras like these make them great choices.

Developer

Getting to know the developer is very vital in choosing a condominium property. Generally, units in a condominium building are pre-sold, that is, they sell the units while the construction is in progress. If you are buying a unit that is not yet finished, make a study on the track record and reputation of the developer. It is always best to consider companies that have excellent previous records in condominium development. You wouldn’t want to be left out in the cold trying to get your money back in case the building construction comes into a halt. There are associations of real estate companies which can help you check the track record of a developer of a condominium.

Cost

Cost covers everything that has to do with the money that you will spend in your condominium. The buying price of the unit should be reasonable enough and within your capacity. Check out for other charges not stated in the price showed to you by the developer. Be sure that the company is straight with you about the price of the unit you intend to buy. Get to know other expenses that may come up when you decide to start living in your condo. Inquire about association dues and other pertinent information regarding the maintenance costs.

Interior Decoration Tips for Your Newly Bought Condominium

Is it your new condominium that has been the reason for your excitement lately? Buying a new house is the dream of every human being. Whether, an apartment or a condo, it is a dream of every buyer to address the need for interior decoration. Decorating a new condo can be little tricky, but as far as the imagination is concerned, “sky is the limit.”

From the floors to the tiles, everything about the condos is stupefying, but there is always a particular thing that the owners want to renovate according to their personal taste and requirement. Besides, condos are perfect for an average family size that comes with every kind of modern amenities, but the urge to design it in a way that suits the style of the owner is always more convincing.

Besides new curtains and furniture, there are other steps that are critical to the selection of the splendid interior design are:

1. Most of us never inspect our new homes after getting its final possession. Though, the developer of condominiums offers well-designed house, but it is necessary to check if there are some loopholes associated with the flooring, wiring or tiles implemented in any part of the house. Check for issues like wall cracking, water leakage and tiles breakage. Address the need for repair to the contractor as soon as you explore the problem areas of the house.

2. Overall planning is essential before taking any action. Outlining the plan helps to stay within one’s budget and follow all the steps correctly.

3. Condos are quite spacious and must be decorated adequately for making optimum utilization of the available space. It is also essential for avoiding any cluttered impression in the living space. The space must be wisely used that creates an invigorating effect on the mood of the house.

4. A condominium can be refurbished by adding a new floor plan to the house. Considering timber or tile floor of good quality is an excellent way to offering a changed look to the personality of the house.

5. The curtains of the living area must complement the color of the walls. For example, If the walls are white in color, the owner can go for blue, green, maroon, pink or yellow colored curtains. For the walls having bright colors like purple or maroon, curtains of light hues work well.

6. Always aim for buying a furniture having multiple uses as it saves you money and initiates optimum utilization of the space. You can buy a bed with a box in it for accommodating several household items inside it. Buying a table having three or four cases can be used for placing decorative items and other objects like a music system or a Computer.

7. If you feel the need for extra cabinets, it can be installed in the walls of the room. Wooden cabinets installed in the walls looks neat and offer scope for proper space management.

8. Make use of Stylish lamps, LED bulbs and tube lights for enlightening the spirits of your home.

9. Every room should have a different paint scheme. While the kids room color scheme must be bright and lively, the living rooms of the other members of the house can be in the light, pastel colors. Even the implementation of the feature wall at either the main wall of the room or behind the Television wall will look excellent.

10. Using Feng-Shui items like wind chimes, laughing Buddha or mirrors for decoration is a magnificent idea for keeping the positivity of the home intact.

11. Implementation of the designer mirrors and glasses in the different areas of the home creates a wonderful optical illusion and look stylish.

12. The space of the balcony can be well-utilized by adding a decking or a hanging swing to it.

13. Last, but not the least, if home decoration is not your cup of tea, seek expert advice for the same as buying an expensive property like a condo is a one time investment and therefore, it must be well-decorated for creating that million-dollar effect.

The Great home design is the essence of a beautiful home. The design of your condo must be such that refreshes your mind as soon as you enter it after a hectic day in your business.

Condominium Formation and Conversion – Rhode Island

Q. What is a condominium and how is it formed?

In Rhode Island, a condominium is any real estate project which includes individually owned units (i.e. a residential unit) and common elements (i.e. general common elements and limited common elements) that are owned by the unit owners as tenants in common.

A condominium is created in Rhode Island by recording a declaration of condominium with the appropriate office in the city or town where the project is located. The declaration must be drafted in accordance with the Rhode Island Condominium Act (the “Act”) for all condominiums created after July 1, 1982.

Q. What are the bylaws?

The bylaws are the rules of the condominium. The bylaws are enforced by the association’s elected officials. The bylaws can be changed with a certain percent vote of the unit owners of the association. A buyer should always review the bylaws carefully prior to entering into a purchase and sales agreement. Buyers are sometimes surprised to find out that representatives of the association are allowed to enter the buyer’s unit; pets are not allowed; or a buyer is not allowed to alter the exterior of their unit without the permission of the association.

Q. What is a condominium unit? What is a general common element? What is a limited common element?

A condominium unit (i.e. residential living space) is the area that a unit owner has exclusive ownership interests in.

A general common element is owned by all of the unit owners as tenants in common with each other and all unit owners have the right to use and enjoy a general common element (i.e. a road).

A limited common element of a condominium is owned by all unit owners as tenants in common with each other. However, only one unit owner or a limited, specified group of unit owners have the right to use and enjoy a limited common element (i.e. a patio, driveway, or porch).

Q. What is a condominium purchase and sales agreement?

A condominium purchase and sales agreement is a contract to buy and sell a unit. Many residential sellers will use a standard purchase and sales agreement form. However, there are a many different purchase and sales contracts available. It is always advisable to have an attorney who is experienced with condominium law to review or draft a purchase and sales agreement prior to signing any such agreement.

Q. What is a public offering statement?

A public offering statement is a summary of the declaration and includes important information relating to the condominium. A public offering statement must be drafted in accordance with the Rhode Island Condominium Act for all condominiums created after July 1, 1982. A buyer has the right to cancel the purchase and sales agreement within 10 days after the receipt of the public offering statement. A seller who is required to deliver a public offering statement to the buyer will face penalties prescribed by the Act if the seller fails to provide a public offering statement.

Q. Is a public offering statement required prior to the closing of all condominiums?

A public offering statement is required by any declarant or person who is in the business of selling real estate when that declarant or person offers a unit for sale on his own account to a purchaser of a condominium unit.

A public offering statement is not required in the following instances: i. if the condominium contains 12 units or less, is not subject to further development rights, and the declarant has owned the units for more than 2 years from date of first sale; and ii. nonresidential projects where all of the units are nonresidential or in residential projects where waived by agreement; and in the following instances: disposition or transfer by gift; court order; by a government agency; foreclosure or in lieu of foreclosure; disposition or transfer to a person in the business of real estate who intends to resell the unit; and when the purchase and sales agreement may be cancelled without penalty by the buyer.

Q. What is a condominium resale certificate? When is a resale certificate required prior to the closing?

A resale certificate is prepared by the association upon the request of a unit owner who is selling his or her unit. The resale certificate contains important information and must be drafted in accordance with the Rhode Island Condominium Act.

A resale certificate is required for all sales when a public offering statement is not required. However a resale certificate is not required if a public offering statement is exempt as explained in the previous question.

New Real Estate – The Garage Condo And Storage Condo

There is currently an evolution going on in real estate. In the same way that residential condominiums grew from the traditional apartment, garage condominiums have evolved from the traditional multi-bay rental storage facilities. Storage space can now be an investment.

A garage condo, or storage condo (the terms are synonymous), is your own personal warehouse located on common property. They are quite different from a storage rental because they are a real estate purchase. They are a real estate purchase that will build equity. Just like any other real estate investment, at closing you receive title insurance and a deed.

The garage condo concept is taking off especially quick in metropolitan areas where real estate space is at a premium. A garage condo seems perfect for those who reside in housing developments with tight CC&R regulations, who reside in apartments or residential condos, or who just don’t have space to expand at their current location. Garage condo owners now have a space for their hobbies, projects and even businesses.

While I don’t own a garage condo, nor do I own stock in a condo development, I can’t help but get a little excited about the prospect of these. If you own a business, you can use the space to store records, inventory, stock and so forth. With this, you gain business equity from ownership, and don’t have the costs associated with a rented “storefront.” Internet businesses, especially those that carry and ship inventory, can store inventory and ship directly from, the condo is they desired.

As with a residential condo, a garage condo can be available in many qualities, configurations and prices. Some garage condo facilities offer a clubhouse, swimming pool and other common amenities. Your garage condo can be customized almost any way you want.

I have seen customizations that consist of nothing but simple shelves. I have also seen customizations that include a custom lounge, entertainment center (it’s pretty cool to watch Sunday’s NFL games sitting next to your project car), a wet bar, security systems, hydraulic lifts, custom cabinetry and epoxy floors. In reality, you can pretty much do what you want with it (as long as it falls into your CC&Rs, and doesn’t affect structural integrity). An owner can potentially recoup the costs of these upgrades when they sell.

USA Garage Condo has a pretty informative chart on the benefits of owning a garage condo versus renting a storage unit. The chart is based on a 10 year period. The details are on the website, but the 10 year results boil down to this:

  • Renting: $154,911.77 paid out in rent (you OWN nothing in ten years)
  • Owning: $139,619.54 (you OWE nothing in ten years – and own the real estate, which you can recoup if you sell)

Score another victory for owning over renting. Yes, we all know the benefits, but what most probably did not know was that we now have the option to own when it comes to storage space.

For more information, visit USA Garage Condo, the website for a garage condo development in Tempe, Arizona. This website has further information on investment potential, uses and amenities.

Feng Shui Tips for Apartments and Condos

Distinct from the criteria considered standard for a single family dwelling, understanding the unique traits of apartments and condominiums is important in a proper evaluation. In this article about Apartments and Condos, I will cover some important topics specific to these dwellings which exist within larger structures.

Establishing Orientation: The Facing Side Being the View Side m No matter which branch of Traditional Feng Shui you may be learning or studying, it is important to establish the correct orientation of the apartment or condo. This gives way to a lot of insight about the personality of the space and it is the beginning information needed to do any of the calculations related to direction. In the same way that an astrologer needs to know where you were born, a Feng Shui analysis requires that the orientation be defined.

In the olden days, personal dwellings were much more simple and straight forward. The house almost always faced the road it was situated on. But in modern life and architecture, the entrance as an indicator of orientation may come way down the list in terms of the clues which reveal the facing side of the apartment.

Tip: What takes precedence over the entrance in determining orientation is the views. And even if an apartment does not have an expansive view, there might easily be only one view from one side of the apartment, and that is the facing side 99% of the time. The windows, like eyes, will look outward and that is more relevant in determining the facing side than the entrance door. The balcony or patio side of an apartment usually brings in more light too.

If you are studying Feng Shui in an actual school, there will be discussions or instruction regarding a section of learning called Yin-Yang Theory. I have also written about this in all my books. Yin-Yang Theory helps establish which features indicate the facing side of a home, be it a house or apartment. And the side that is lighter, with more views or the only views, can be considered the facing/yang side.

Often, an apartment building or condominium complex will have units on each of the four exterior sides, facing outward, with balconies or patios along all the exterior walls.

Tip: So, within one building there could easily be four different orientation possibilities for all the units, each affording their own view.

Once the facing side has been determined, you will also want to conclude what the real direction is. Which of the eight basic directions does it face? The eight basic directions are North, South, East, West, Northeast, Northwest, Southeast, and Southwest.And which of the twenty-four sectors does it face? There are actually 24 different orientation possibilities because each of the eight basic directions can be sub-divided into three smaller 15-degree increments.

In fact, it is only the New Age version (The Black Hat School) which disregards actual compass directions. This is a shame because some people have only been exposed to this version of Feng Shui and they do not even know what they are missing. As well, once you determine the facing side, the opposite side is called the Sitting side.

Tip: It is the back, the Sitting side, which also establishes the real identity of the space. If you proceed to learn more Feng Shui, it is the sitting side which is referred to as the beginning point of understanding the house type. For example, an apartment that faces east will “sit” west and it then gets referred to as a “west” house. In the Pa Chai School, we learn that people are either east type or west type based on their birth data.

A west type person will do better in a west type apartment than an east type person. And an east type person will do better in an east type house than a west type person. Of course, in many living arrangements, we have people from both the east and west groups, so no one house type can cater to everyone. But there are other ways in which we can tailor a home to the occupant, such as with entrances, sleeping directions, and home office set-ups.